Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,322 shares of the Internet television network’s stock after acquiring an additional 183 shares during the quarter. Netflix accounts for about 0.7% of Xponance Inc.’s holdings, making the stock its 19th largest position. Xponance Inc.’s holdings in Netflix were worth $70,405,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the period. Capital World Investors grew its stake in Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares during the last quarter. Baillie Gifford & Co. lifted its position in Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Netflix by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock worth $2,003,810,000 after buying an additional 72,807 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.5 %

NFLX opened at $701.03 on Monday. The stock has a market capitalization of $302.14 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. The company has a fifty day moving average of $663.00 and a two-hundred day moving average of $641.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $715.66.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on NFLX. Loop Capital boosted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group boosted their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Pivotal Research raised their target price on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup upped their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Guggenheim raised their target price on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,163,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The disclosure for this sale can be found here. Insiders have sold 197,226 shares of company stock worth $129,858,692 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.